Thursday, October 18, 2007

Washington Mutual's Profit Falls on Bad Mortgages (Update3) (Bloomberg.com)

Oct. 17 (Bloomberg) -- Washington Mutual Inc., the largest U.S. savings and loan, said third-quarter profit fell 72 percent as the company wrote off bad home loans. The shares fell 4 percent in extended trading.

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[Source: Yahoo! News Search Results for mortgages]

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